How can I start trading Forex?
You'll need to register a trading account with a
Forex broker, such as Marketiva. Then you can begin using their Forex
client program to buy and sell currencies. This will take less than 5
minutes of your time!
Who owns Forex and where is it located?
It's not owned by anyone in particular. Forex is an
interbank market, meaning that it's transactions are conducted only
between two participants - seller and the buyer. So as long as existing
banking system will exist, Forex will be here. It's not connected to any
specific country or government organization.
What the working hours of Forex market?
Forex market is open from 22:00 GMT Sunday (opening
of Australia trading session) till 22:00 GMT Friday (closing of USA
trading session).
What are the "long" and "short" positions?
Long position is a "buy" position, meaning that
this position will be in profit if price goes up. Short position is a
"sell" position, meaning that this position will be in profit if price
goes down.
What is the best Forex trading strategy?
There is none. You should constantly develop your
own strategies for every possible market situation, if you want to be in
profit. Specific strategies can only be good for a certain period of
time and for certain currency pairs.
How much money I need to start trading Forex?
With Marketiva you can start trading Forex with as
little as $1. Usually, the minimum amount varies from $100 to $10,000
($100,000 and more for interbank trading.
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